Tag: Entrackr : Latest Posts

FreshToHome, a prominent meat and seafood delivery startup, is set to secure Rs 135 crore in total debt across two recent rounds. The company, founded by Shan Kadavil and Matthew Joseph in 2015, has been actively raising funds, with BlackSoil and Stride Ventures contributing Rs 60 crore in the latest round, including an equity component through optionally convertible redeemable preference shares (OCRPS).

According to regulatory filings, FreshToHome will issue 550 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise Rs 55 crore. BlackSoil India will lead the round with Rs 40 crore, while Stride Ventures will join with Rs 15 crore in investment.

The move to raise debt comes after FreshToHome’s significant $104 million Series D round earlier this year, indicating a strategic financial decision in the company’s growth trajectory. The funds will be used for working capital needs, corporate activities, and overall growth strategies, including operational expansion and market penetration.

FreshToHome operates in approximately 160 Indian cities and key UAE markets, with a recent foray into quick commerce services, promising deliveries within 10–15 minutes. This financial move underscores the company’s commitment to sustainable growth and market leadership, despite reporting a slight rise in losses from the previous fiscal year. FreshToHome’s revenue from operations saw a solid 14% year-on-year increase to Rs 421.33 crore in FY25.

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Chennai-based Rocketlane, a professional services automation platform, has successfully raised $60 million in its Series C funding round led by Insight Partners, bringing its total funding to $105 million.

The company, led by CEO Srikrishnan Ganesan, specializes in assisting enterprises with project delivery, resource planning, and customer collaboration through a unified platform. With a focus on AI-powered execution, Rocketlane is adapting to the growing demand for outcome-driven AI tool adoption by enterprises.

Having served over 750 global customers, including notable names like Intercom and Notion, Rocketlane plans to use the fresh capital to enhance its AI-driven execution platform, Nitro, strengthen enterprise go-to-market strategies, and expand its global presence.

This funding round follows Rocketlane’s previous successful funding efforts, including a $24 million Series B round in June 2024 and an $18 million Series A round in January 2022.

The company’s recent growth, with a revenue increase of over twofold in the past year, underscores its expanding enterprise footprint, marked by new offices in London, New York, and San Francisco. The launch of Nitro aims to streamline delivery workflows for professional services teams through AI-powered processes.

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Employee health benefits platform Plum Insurance has secured Rs 193 crore ($20.5 million) in its recent Series B funding round led by Peak XV Partners, with Tanglin Venture Partners also increasing its investment and GMO VenturePartners joining as a new investor. This funding injection comes after a successful Series A round in 2021 that raised $15.6 million, highlighting the company’s growth trajectory and market confidence.

Plum plans to utilize this capital to enhance its technological capabilities, particularly focusing on AI-driven claims operations and expanding integrations with HR and payroll systems. Additionally, the company intends to diversify its services into preventive care, primary care, mental wellness, and telehealth, aligning with the evolving needs of modern workplaces.

Founded in 2019, Plum has prioritized streamlining the claims process within the insurance sector, a historically challenging aspect. With a track record of processing over 500,000 claims, the company has significantly improved operational efficiency. For instance, the median cashless hospital discharge time has been reduced from 180 minutes in 2019 to just 47 minutes, showcasing tangible improvements in service delivery.

Moreover, Plum has leveraged technology to drive automation, with 78% of claims now being resolved without human intervention, a substantial increase from 34% in 2022. In cases of disputed claims, Plum actively challenges decisions and has successfully secured favorable outcomes in 88% of cases, reclaiming over Rs 10 crore in the past year alone.

Currently catering to over 6,000 organizations, including prominent names like CRED, Swiggy, and Zomato, Plum’s recent funding round marks a pivotal moment as the company achieves EBITDA and cash flow profitability, underscoring its sustainable growth strategy in the insurance, healthcare, and employee wellness sectors.

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Gnani.ai, a voice-first AI company, recently raised Rs 68 crore in funding led by Aavishkaar Capital, marking its first capital raise in 2026. The company’s valuation surged to approximately $87 million in this round, a significant increase from its previous valuation of $24 million.

Founded in 2016, Gnani.ai specializes in providing a voice-first AI platform that enables enterprises to automate customer interactions through various channels such as voice, chat, and messaging. The company plans to utilize the proceeds to expand its voice AI platform, enhance product capabilities, and extend its market reach both domestically and internationally.

Gnani.ai offers a no-code, omnichannel AI suite with features like conversational automation, agent assist, voice biometrics, and analytics, empowering businesses to enhance customer experience and operational efficiency on a large scale. The company witnessed substantial growth in FY25, achieving a revenue increase to Rs 53.87 crore and turning profitable with a net profit of Rs 3.19 crore.

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Mental health startup Amaha, previously known as InnerHour, has secured an additional Rs 50 crore in funding through an extended Series A round, led by Fireside Ventures. This new investment marks a significant milestone for the Bengaluru-based company after a two-year funding hiatus.

The recent capital infusion involved the issuance of 31,35,836 shares at Rs 159.20 per share, totaling approximately Rs 50 crore, as confirmed by regulatory filings with the Registrar of Companies.

Fireside Ventures led the investment round with Rs 18.07 crore, accompanied by contributions from Shreyas Shibulal with Rs 13.55 crore and Lightbox with Rs 9.3 crore, according to regulatory documents.

Assessments indicate that Amaha’s valuation has surged to about Rs 300 crore, doubling from its previous valuation of Rs 177 crore following a $4.4 million fundraising round in January 2024. The newfound funds are earmarked for operational enhancements, team expansion, capital investments, and working capital requirements, as outlined in official filings.

Founded in 2016 by Amit Malik and later joined by co-founder Neha Kirpal in 2019, Amaha offers treatments for various mental health conditions like anxiety, depression, ADHD, and OCD, leveraging a blend of clinical expertise and technology-driven tools. The startup boasts a user base of over 6 million, 220,000 therapy sessions, 50,000 community participants, and 120 collaborative partnerships.

Amaha’s financial performance for the fiscal year ending March 2025 revealed a revenue surge to Rs 27.57 crore from Rs 21.40 crore in FY24. However, the company experienced increased losses, reaching Rs 29.80 crore in FY25 from Rs 27 crore in the prior fiscal period.

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Skillsvest, a fintech platform focused on education financing, has successfully raised Rs 5.5 crore in a pre-seed funding round. The funding, a combination of equity and debt, was led by Plug and Play Ventures, with contributions from angel investors including Sascha Mornell. The startup also received support from UC Berkeley SkyDeck and Launch Accelerator by Jason Calacanis.

Founded by Sreemaan Thiruppathiraja and Deborah Schermann, Skillsvest offers a unique ‘pay only if you earn’ model tailored for students pursuing international master’s programs. This approach allows students to secure funding without the need for collateral or co-signers. Repayments are income-linked and activated only after surpassing a specific earnings threshold.

Primarily targeting Indian students seeking higher education opportunities in regions like the UK, US, and Europe, Skillsvest covers both tuition fees and living expenses. The platform has already allocated over Rs 1.2 crore and amassed a waitlist exceeding 3,000 students. Furthermore, the startup has formed partnerships with more than 4,500 college counselors across India for effective distribution.

Looking ahead, Skillsvest aims to assist 50–100 students in the next 12–18 months while simultaneously constructing a comprehensive ecosystem centered on career outcomes.

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Bengaluru-based startup Slice has expanded access to its UPI credit card, making it available to all users after a phased rollout that commenced in July 2025. Initially available through invitation only, the product has amassed a waitlist of over 1.2 million users.

The Slice UPI credit card features a no-cost structure, with no joining fee, annual charges, or maintenance fees. Users can make payments through QR codes or UPI IDs, similar to conventional UPI transactions. Additionally, the ‘slice in 3’ feature allows users to conveniently convert their expenses into three monthly installments at zero additional cost. The card also supports international transactions without any forex markup and can be used in over 200 countries globally.

According to the company, the Slice UPI credit card provides access to interest-free installment-based credit for nearly 300 million Indians across 65 million UPI merchants, making it one of the largest implementations of such credit infrastructure on a global scale.

Slice has also introduced a rewards program for all transactions, with a focus on small and frequent UPI payments. The company utilizes transaction behavior for underwriting to evaluate creditworthiness and gradually enhance credit limits over time.

Founded as a digital-first banking platform, Slice offers an array of financial products, including savings accounts, fixed deposits, UPI payments, credit, and lending solutions. The company is backed by prominent investors such as Tiger Global, Insight Partners, and Advent International.

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Former Indian cricketer MS Dhoni has invested in Kuku, an AI-driven storytelling platform. Dhoni has also taken on the role of brand ambassador for Kuku TV, the company’s microdrama app.

The partnership includes a campaign featuring Dhoni to promote Kuku’s short-format content offerings, coinciding with the company’s expansion into theatrical production with its first Hindi feature film, ‘Indian Institute of Zombies (IIZ).’ Kuku’s diverse content platforms encompass Kuku TV for short-format videos, Kuku FM for audio storytelling, and Guru for edutainment, with plans to delve further into theatrical content.

Established in 2018, Kuku boasts over 350 million app installs and houses a library of more than 20,000 titles in various languages and formats. Kuku TV, the microdrama platform, has garnered over 180 million downloads, delivering a plethora of short-format content across genres.

Kuku is actively developing AI-led content formats, notably microdramas spanning mythology, fiction, and superhero narratives. Recent reports suggest that Kuku is preparing for an initial public offering (IPO) to raise up to Rs 3,000 crore (approximately $330 million), with the appointment of four bankers for this endeavor.

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Epik, a Bengaluru-based startup specializing in quick commerce for electronics and home appliances, has secured $1 million in a pre-seed funding round. This investment was led by Info Edge Ventures, with additional contributions from angel investors.

Founded by Gotama Gowda, Varun Chopra, and Harsha Reddy, Epik operates on a unique ‘try and buy’ model. Trained experts deliver products to customers’ homes within 60 minutes for live demonstrations before purchase, enabling users to physically compare various products before making a decision.

The startup collaborates with more than 60 renowned brands, including Philips, Samsung, Apple, Dyson, Dell, and Eureka Forbes. Since its launch in October 2025, Epik has experienced significant growth, claiming a nearly 20x increase in scale.

Epik’s logistics strategy involves trained personnel, demo units, and hub-based operations to ensure rapid order fulfillment. Looking ahead, the company plans to expand its reach across different product categories and cities while enhancing its service layer to merge product discovery with assisted buying.

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